Announcement
SECISSUE: WDT: Wellington Drive Technologies - Minimum Shareholdings
04:17pm
WDT
01/07/2022 16:17
SECISSUE
NOT PRICE SENSITIVE
REL: 1617 HRS Wellington Drive Technologies Limited
SECISSUE: WDT: Wellington Drive Technologies - Minimum Shareholdings
On 30 March 2022 Wellington Drive Technologies Limited (WDT) gave notice that
at the expiration of three months after that notice, being 30 June 2022, the
Board would exercise the power of sale of individual holdings on WDT's share
register of less than the Minimum Holding (as defined in the NZX Listing
Rules). A Minimum Holding of WDT shares is a holding under the value of
NZ$1,000 on 5:00pm 29 March 2022 (record date) which was determined to be
5,870 shares.
Shareholders with less than Minimum Holding could choose to:
o Do nothing and WDT would acquire the shares on 1 July 2022
o Increase the holding above the Minimum Holding
o Dispose of the shareholding
o Notify Computershare that the shareholder wished to retain the
shareholding.
Accordingly, today WDT purchased 1,635,810 ordinary shares held by 1,330
shareholders at $0.139189 per share, being the price calculated under the NZX
Listing Rules. Payment for the shares will be made on Friday 8 July 2022.
The acquired shares have been cancelled.
The Capital Change Notice is attached to this announcement.
End CA:00394749 For:WDT Type:SECISSUE Time:2022-07-01 16:17:20
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